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February 21, 2024
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Fee Interest in Washington Industrial Site Goes for $96 Mil


Columbia Business Center, an industrial site totaling approximately 113 usable acres in Vancouver, WA, sold in a $96 mil transaction for the leased fee interest in the land. We’re told this deal represents the largest single transaction by total consideration paid for industrial land on record in the Portland/Vancouver market.

Originally established in the 1940s, Columbia Business Center is one of the most unique industrial sites in the Pacific Northwest. Situated along the Columbia River, the property is strategically located along Interstate 5 and adjacent to Portland, serving as a transportation hub for the greater Portland/Vancouver market. Columbia Business Center offers a wide variety of transportation alternatives including direct connectivity to rail lines, barge slips and traditional distribution uses.

Nick Kucha, Steven Golubchik, Kellen Kollmorgen, Jakob Nicholls and Grant Gooding with Newmark, along with Jerry Matson, SIOR Brian Yoakum, SIOR, with Colliers, represented the private family seller in the transaction.

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